Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the UAE Building Information Modeling Software Market, The UAE Building Information Modeling Software Market is projected to grow at a CAGR of around 22.5% during the forecast period, i.e., 2022-27. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the UAE Building Information Modeling Software Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2022-2027
• CAGR (2022-2027): 22.5%

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UAE Building Information Modeling Software Market Segmentation Breakdown:

The UAE Building Information Modeling Software Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Deployment Mode

• On Premises
• Cloud-Based

The Cloud-based deployment type dominated the market during the historical period, owing to its cost-effectiveness and easy accessibility.

By Project Lifecycle

• Pre-Construction Design
• Construction
• Operation
• Renovation & Retrofitting

Of them all, Building Information Modeling (BIM) solutions are used extensively during the Pre-Construction Designing phase of buildings once 3D modeling gets prepared & the flow of the entire building gets decided.

By Industry

• Residential
• Commercial
• Public Infrastructure
• Healthcare
• Sports & Entertainment
• Industrial
• Oil & Gas

Geographical Growth Insights:

By Region

• Al Dubai
• Abu Dhabi
• Sharjah
• Others (Fujairah, Ajman and Umm-AL Quwain)

Key Drivers: Increasing Government Mandates for Building Information Modeling (BIM) Adoption

Various initiatives by the UAE government toward promoting the adoption of BIM technology have served as an added push to its increased demand in the country. The market witnessed modest growth during 2017-19 due to the rise in government mandates for BIM usage across Dubai, coupled with the rapidly expanding construction industry across the country. In 2015, Dubai Municipality issued Circular No. 207 that mandated using BIM solutions in Dubai's architectural & mechanical work for buildings above 20 floors & with areas larger than Dubai Municipality. Abu Dhabi Municipality announced the adoption of BIM technology for all the construction projects to explore innovative solutions for improving costs, timelines, & overall efficiency. Later in June 2019, the Dubai Road & Transport Authority (RTA) transformed its asset management processes into a BIM-enabled system. Hence, all these events indicate that the utilization of BIM solutions in the country shall continue surging significantly in the coming years.

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A Comprehensive Analysis of Leading Companies in UAE Building Information Modeling Software Market

• Autodesk Inc.
• Nametschek Group
• Bentley Systems Incorporated
• Trimble Inc.
• Dassault Systems
• RIB Group
• Asite
• Aveva Group plc
• Hexagon
• Archidata Inc.

Possible Restraint: High Initial Costs Associated with BIM Solutions

There are many benefits & cost savings associated with BIM solutions. However, the initial expenditure, which includes education & training about BIM software, management & start-up costs, and transition & behavioral prices, is very high. BIM implementation requires specific software & data storage that costs a significant amount to a company. For instance, the cost of Autodesk’s Revit software ranges between USD3500 & USD4500, which is a barrier to small firms. Hence, the high initial capital associated with BIM solutions might act as a significant growth challenge to the market in the coming years.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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